Statement of Unaudited Financial Results For The Quarter Ended June 30, 2018

( in crore )

Particulars
	Quarter ended June 30, 2018	Quarter ended June 30, 2017
	Reviewed
Income from Operations :
a) Revenue from Operations	452.19	404.41
b) Other Income	0.00	0.00
Total Income from Operations	452.19	404.41
Expenditure :
a) Finance Cost	263.43	236.99
b) Employee Benefit Expenses	14.99	12.95
c) Other Expenses	13.46	12.68
d) Depreciation and Amortisation	0.83	0.66
e) Provisions for Expected Credit Loss and Write offs	3.77	11.29
Total Expenditure	296.48	274.57
Profit Before Tax	155.71	129.84
Tax Expense
– Current Tax	40.40	36.97
– Deferred Tax	0.20	(3.07)
Total Tax Expense	40.60	33.90
Net Profit After Tax	115.11	95.94
Other Comprehensive Income (net of tax)	(0.07)	(0.13)
Total Comprehensive Income	115.04	95.81
Earnings per Share (of 2 each)# – Basic ()	1.57	1.32
– Diluted ()	1.57	1.31
Paid-up Equity Share Capital (Face Value of 2 each)	146.29	73.02

# Not annualised

NOTES :

The financial results of the Company for the quarter ended June 30, 2018 are prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) and have been subjected to limited review by the Statutory Auditors of the Company. The comparative figures for the corresponding quarter ended June 30, 2017 have been restated to confirm to current period in accordance with Ind AS.
Pursuant to approval of Shareholders at Annual General Meeting held on May 30, 2018, the Company allotted 36,57,20,011 equity shares as fully paid up bonus shares by utilizing share premium account amounting to 73.14 crores. Earnings per share of previous period have been adjusted for bonus shares issued in current period.
Loan Assets have increased from 13,665 crores as on June 30, 2017 to 15,857 crores as on June 30, 2018 registering a growth of 16%.
The Company’s main business is to provide loans for purchase or construction of residential houses. All other activities of the Company revolve around the main business. As such, there are no separate reportable segments, as per the Ind AS 108 “Operating Segments” specified under section 133 of the Companies Act, 2013.
Reconciliation of Net Profit as reported under erstwhile Indian GAAP and Ind AS is given below:

( in crore)

Particulars	Quarter ended June 30, 2017
Net Profit reported as per previous Indian GAAP	72.24
Add / (Less) : Adjustments for GAAP Differences
Net gain arising on Financial Assets measured at amortised cost	0.03
Increase in Employee Benefit Expenses due to Fair Valuation of Employee Stock options	(1.08)
Increase in Interest Income pursuant to application of Effective Interest Rate (EIR) Method	6.25
Increase in Borrowing cost pursuant to application of Effective Interest Rate (EIR) Method	(0.54)
Reclassification of net Actuarial loss on Employee defined Benefit obligation to Other Comprehensive Income (OCI)	0.20
Provision for Expected Credit Loss	16.67
Deferred Tax impact on Ind AS adjustments	2.17
Net Profit Before Other Comprehensive Income as per Ind AS	95.94
Other Comprehensive Income after Tax	(0.13)
Total Comprehensive Income as per Ind AS	95.81

The above results for the quarter ended June 30, 2018, which have been subjected to a ‘Limited Review’ by the Auditors of the Company, were reviewed and recommended by the Audit Committee of Directors and subsequently approved by the Board of Directors at its meeting held on July 25, 2018 in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.